Union Square Ventures (USV) has been transferring large amounts of UNI tokens to Coinbase Prime over the past few weeks. In the latest transfer, USV moved 578,000 UNI tokens worth $8.45 million. In total, USV has transferred 3.511 million UNI tokens worth $54.56 million. Despite these transfers, USV still holds 10.364 million UNI tokens worth $149.66 million. The transfers suggest that USV is preparing for liquidation, custodial storage, or portfolio re-allocation. USV participated in the Series A investment round for Uniswap, which raised $11 million in 2020. Uniswap has also faced regulatory scrutiny for illegal trading in digital asset derivatives.



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